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Sue wants to save 1,000,000 in 20 years. She estimates she can earn 8.5% on savings. She intends to make deposits at the beginning of
Sue wants to save 1,000,000 in 20 years. She estimates she can earn 8.5% on savings. She intends to make deposits at the beginning of every year in a series of equal payments starting today. How much does she need to save each year to reach her goal?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
